Trading travel: 4 plays on transportation names

Tesla Motors is worth a look if the often volatile stock slips in the coming weeks, CNBC "Fast Money" trader Dan Nathan said Wednesday.

The electric car maker reported a quarterly loss and revenue that beat Wall Street's expectations on Wednesday. Tesla met its vehicle delivery target for the quarter and touted strong demand for its upcoming Model X car and PowerWall home and business batteries.

Najarian believes markets will "reward" Tesoro after its report tomorrow.

Airlines

Airline shares get "pushed" by oil price movements, but the wider sector looks strong, said Najarian, who owns multiple airline stocks. He noted that the industry made money when U.S. crude oil traded at $100 per barrel, and should easily profit as it sits just above $60.

Tim Seymour liked American Airlines the best, calling it a "value play." The stock closed just above $47 per share Wednesday.